Short Interest in Agrify Co. (NASDAQ:AGFY) Expands By 24.4%

Agrify Co. (NASDAQ:AGFY) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 32,100 shares, a growth of 24.4% from the December 31st total of 25,800 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily volume of 547,500 shares, the days-to-cover ratio is currently 0.1 days.

Agrify Stock Performance

Shares of Agrify stock opened at $23.71 on Monday. The business’s fifty day simple moving average is $32.10 and its 200-day simple moving average is $14.97. Agrify has a 52 week low of $2.71 and a 52 week high of $84.44. The company has a quick ratio of 0.10, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The firm has a market cap of $36.28 million, a PE ratio of -1.69 and a beta of 10.44.

Insider Buying and Selling

In related news, CEO Benjamin Kovler bought 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of $45.89 per share, for a total transaction of $229,450.00. Following the acquisition, the chief executive officer now directly owns 15,000 shares in the company, valued at $688,350. This represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Max Holtzman sold 1,097 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.71, for a total value of $45,755.87. The disclosure for this sale can be found here. 51.00% of the stock is owned by company insiders.

Agrify Company Profile

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.